Virtus acquired by Singapore data centre firm STT GDC
Fri 6 Oct 2017
Singapore data centre provider ST Telemedia Global Data Centres (STT GDC) has acquired Virtus, following STT’s purchase of Brockton Capital’s stake in Virtus.
According to the Singapore firm, the strategic investment will improve Virtus’s position and ability to carry out its strategic growth plans in the UK and Europe. Alongside that, it will enable Virtus to use STT’s global resources and expertise. It also deepens STT’s presence in the UK.
STT GDC chairman, Sio Tat Hiang, commented on the acquisition: “The acquisition reflects our commitment and continued confidence in the key UK and European economies. Through this acquisition, we hope to further cement our footprint in the UK, as well as accelerate growth for both STT GDC and Virtus.”
STT GDC’s network consists of more than 50 top-tier data centres in ‘key economic hubs’ around the world, focussed in Asia – including China, India, and Singapore.
It entered into Virtus’ business in 2015, in which time the London based data centre firm has quickly expanded from operating two data centres to four facilities, with two more on the way. STT also states that it operates a ‘significant colocation platform.’
The two new facilities were announced recently, with the two adjacent sites creating London’s largest data centre campus, strengthening Virtus’ position in the capital. Virtus states that its customers get Tier III, ultra-secure facilities, with 100% uptime.
Virtus CEO, Neil Cresswell, said: “We are thrilled to deepen our relationship with STT GDC who share the same goals as us – to deliver world-class infrastructure and service to our customers, to be the top player in the market and to continue to grow the portfolio to meet the ever-increasing customer demands.
“This transaction will help VIRTUS continue to thrive in our market and fuel our growth plans. With STT GDC’s continued support, VIRTUS remains committed to supporting our customers with flexible and cost-efficient solutions at scale.”